CBN Reviews Weekly Dollar Sale to BDCs to $50,0000

James Emejo in Abuja

The Central Bank of Nigeria (CBN) on Tuesday resolved to raise the amount of weekly foreign currencies which banks are authorised to sell to bureau de change operators (BDCs) to $50,000 from the initial $30,0000.

Also, the apex bank said the special intervention fund drawn from banks’ cash reserves sometime ago will now be disbursed to support the real sector, particularly primary agricultural projects and core manufacturing.